Research analysts covering DENISON MINES.
Recent press releases and 8-K filings for DNN.
Denison Mines and Skyharbour Resources Announce Major 2026 Exploration Campaign at Russell Lake Joint Ventures
DNN
New Projects/Investments
Guidance Update
- Denison Mines Corp. (DNN) is involved in newly-formed Russell Lake joint ventures with Skyharbour Resources Ltd., established following a strategic transaction in December 2025.
- A significant 2026 exploration campaign is planned across the Wheeler North, RL, and Getty East joint ventures, totaling over 15,000 metres of diamond drilling.
- Denison will operate the Wheeler North property, with approximately 7,500 metres of drilling planned for 2026, which is expected to be sole funded by Denison through its earn-in options.
- Denison also holds a 20% interest in the RL property, committing to fund its share of the next $10 million in exploration expenditures, and an initial 30% interest in the Getty East property, where its 2026 work is also expected to be sole funded.
Jan 22, 2026, 9:00 AM
Denison Mines Secures Grid Power for Phoenix Uranium Mine
DNN
New Projects/Investments
- Denison Mines announced that grid power supply from Saskatchewan Power Corporation is now available at the site of its future Phoenix in-situ recovery uranium mine, following the installation of a new 138kV transmission line.
- This availability of grid power represents a significant step in de-risking project execution, as electrification is crucial for construction activities and the establishment of the freeze wall.
- The company has obtained access to up to 8.8 megawatts of power under a five-year agreement.
- Commencement of construction activities remains subject to final regulatory approvals and a final investment decision.
Jan 20, 2026, 2:15 PM
Skyharbour Resources Ltd. Announces High-Grade Uranium Intersections and New Target Area at Moore Project
DNN
New Projects/Investments
Guidance Update
- Skyharbour Resources Ltd. announced results from its 2025 drilling campaign at its 100% owned 35,705 hectare Moore Uranium Project.
- Drilling notably intersected high-grade uranium mineralization at the Main Maverick Zone with hole ML25-15, returning 4.84% U3O8 over 4.4 metres, including 11.77% U3O8 over 1.6 metres.
- A new regional target area, the Nomad Zone, was successfully identified approximately 1.7 kilometres southwest of the Main Maverick Zone, underscoring strong potential for additional uranium discoveries.
- Skyharbour is preparing for a multi-phased drill campaign at Moore in 2026, planning to drill a total of 8,000 to 10,000 metres in 15 to 25 drill holes, with the first phase of winter drilling consisting of 5,000 to 6,000 metres commencing shortly.
Jan 14, 2026, 12:00 PM
Denison Mines Announces Grid Power Availability at Phoenix Uranium Mine Site
DNN
New Projects/Investments
- Denison Mines Corp. (DNN) announced that grid power supply from SaskPower is now available at its future Phoenix uranium mine site, following the installation of a new 6-kilometer 138kV transmission line.
- This development represents a significant de-risking event for the Phoenix Project, as site electrification is crucial for the first year of construction and establishing the freeze wall.
- Denison has secured access to up to 8.8 MW of power and committed to purchasing a minimum amount of power for a five-year period.
- The cost of the new transmission line was funded by the Wheeler River Joint Venture, and the commencement of construction activities remains subject to final regulatory approvals and a final investment decision by Denison.
Jan 8, 2026, 9:10 PM
Denison Announces Grid Power Availability at Phoenix Uranium Mine Site
DNN
New Projects/Investments
- Denison Mines announced that grid power supply from Saskatchewan Power Corporation (SaskPower) is now available at the site of the future Phoenix in-situ recovery uranium mine, following the installation of a new 138kV transmission line.
- This represents a significant de-risking event for the Phoenix Project, as electrification is on the critical path for the first year of construction activities.
- Denison has secured access to up to 8.8 MW of power and agreed to purchase a minimum amount of power for a five-year period.
- The Phoenix project is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%).
Jan 8, 2026, 11:30 AM
Denison Mines Corp. Ready to Commence Phoenix ISR Project Construction and Updates Capital Costs
DNN
New Projects/Investments
Guidance Update
- Denison Mines Corp. is ready to make a final investment decision (FID) and commence construction of its Phoenix In-Situ Recovery (ISR) uranium mine, pending final regulatory approvals.
- The company targets first production by mid-2028, with an expected 2-year construction timeline if final regulatory approvals are received in Q1 2026.
- The updated initial capital cost estimate for the Phoenix Project is $600 million (2026 Dollars), which is a 20% increase from the 2023 Phoenix Feasibility Study when adjusted for inflation.
- As of September 30, 2025, Denison held over $700 million in cash, physical uranium, and investments, providing a strong financial position to fund the initial capital requirements.
Jan 2, 2026, 7:32 PM
Denison Mines Reports Readiness to Commence Phoenix ISR Project Construction and Updates Capital Costs
DNN
New Projects/Investments
Guidance Update
- Denison Mines is prepared to make a final investment decision and begin construction of its Phoenix In-Situ Recovery (ISR) uranium mine, with first production targeted by mid-2028.
- The initial capital cost estimate for the Phoenix Project has been updated to $600 million (2026 Dollars), representing a 20% increase from the 2023 Phoenix Feasibility Study when adjusted for inflation.
- The company reports a strong financial position with over $700 million in cash, physical uranium, and investments as of September 30, 2025, to fund the project's initial capital requirements.
- Despite the increased capital costs, the project's post-tax NPV 8% remains robust at $1.57 billion (2026 Dollars), supported by improved uranium price assumptions.
Jan 2, 2026, 11:30 AM
Denison Mines Announces Joint Ventures and Project Development Milestones
DNN
M&A
New Projects/Investments
- Denison Mines Corp. (DNN) has closed a transaction with Skyharbour Resources Ltd., leading to the formation of four new joint ventures for exploration claims adjacent to Denison's Wheeler River Project.
- Denison will operate the Wheeler North (49% ownership) and Wheeler River Inliers (70% ownership) joint ventures, and holds earn-in option agreements to increase its ownership in Wheeler North and Getty East to up to 70%.
- The Environmental Assessment for the Phoenix deposit at Denison's flagship Wheeler River Uranium Project was approved by the Province of Saskatchewan in July 2025, and the Canadian Nuclear Safety Commission Public Hearing for federal approval and a project construction license concluded in December 2025.
- Mining at the McClean North deposit via the McClean Lake Joint Venture's (MLJV) SABRE method commenced in July 2025, with Denison holding a 22.5% ownership interest in the MLJV.
Dec 17, 2025, 3:44 PM
Denison closes transaction with Skyharbour, forms joint ventures
DNN
M&A
New Projects/Investments
- Denison Mines Corp. has finalized a transaction with Skyharbour Resources Ltd., establishing four new joint ventures on claims adjacent to Denison's flagship Wheeler River Project.
- Denison will serve as the operator for the Wheeler North and Wheeler River Inliers joint ventures, holding 49% and 70% ownership interests, respectively.
- Skyharbour will operate the Russell Lake and Getty East joint ventures, where Denison holds 20% and 30% ownership interests, respectively.
- Earn-In Option Agreements provide Denison the opportunity to increase its ownership in the Wheeler North and Getty East joint ventures to up to 70%.
Dec 17, 2025, 11:30 AM
Denison Mines Signs Agreements for Wheeler River Project and Provides Operational Updates
DNN
New Projects/Investments
Operations Update
- Denison Mines Corp. has signed an Impact Benefit Agreement (IBA) and an Exploration Agreement with the Métis Nation–Saskatchewan (MN–S), MN–S Northern Region 1, and MN–S Northern Region 3, confirming the Métis Parties’ consent to and support for the development and operation of Denison’s flagship Wheeler River Project and other exploration activities in northern Saskatchewan.
- The IBA establishes a framework for a long-term cooperative relationship, including commitments for community investment, contracting and business development opportunities, training and employment pathways, designated financial participation, and opportunities for environmental monitoring.
- Permitting efforts for the Phoenix ISR operation at Wheeler River are nearing completion, with the Project’s Environmental Assessment (EA) approved by Saskatchewan in July 2025 and Canadian Nuclear Safety Commission Hearings for Federal approval and project construction license commencing in October 2025, scheduled to conclude the week of December 8, 2025.
- Mining at the McClean North deposit commenced in July 2025 using the McClean Lake Joint Venture’s SABRE mining method.
Dec 4, 2025, 3:50 PM
Quarterly earnings call transcripts for DENISON MINES.
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